Is there a statute of limitations for judgment recovery?
Asked a year ago
Yes, there is a statute of limitations for judgment recovery. The specific timeframe varies based on the jurisdiction and type of judgment. In most cases, the statute of limitations ranges from three to twenty years. After this period expires, the judgment becomes unenforceable, meaning the creditor cannot legally collect the debt through traditional methods. However, some states offer options to renew or extend the statute of limitations, allowing creditors to continue pursuing the debt. It is essential to consult with a legal professional to understand the applicable statute of limitations in a specific jurisdiction and take timely action to recover the judgment before it becomes time-barred.
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